The Pirate Bay Bought By Global Gaming Factory X

The Pirate Bay Bought By Global Gaming Factory X

After the lengthy Pirate Bay trial and verdict along with an appeal and a biased judge, it appears a Swedish software firm named Global Gaming Factory X has purchased the network for 60 million SEK (Approx $8 million USD).

Press Release: STOCKHOLM, Jun 30, 2009 (BUSINESS WIRE) -- The listed software company, Global Gaming Factory X AB (publ) (GGF) acquires The Pirate Bay website, http://www.thepiratebay.org, one of the 100 most visited Web sites in the world and the technology company Peerialism, that has developed next generation file-sharing technology.

Following the completion of the acquisitions, GGF intends to launch new business models that allow compensation to the content providers and copyright owners. The responsibility for, and operation of the site will be taken over by GGF in connection with closing of the transaction, which is scheduled for August 2009.

"We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site, " said Hans Pandeya, CEO GGF.

"The Pirate Bay is a site that is among the top 100 most visited Internet sites in the world. However, in order to live on, The Pirate Bay requires a new business model, which satisfies the requirements and needs of all parties, content providers, broadband operators, end users, and the judiciary.

Content creators and providers need to control their content and get paid for it. File sharers 'need faster downloads and better quality, " continues Hans Pandeya.

The company in question operates gaming and Internet cafes in Sweden. Pirate Bay's blog is particularly enthusiatic about the purchase and they write:

"If the new owners will screw around with the site, nobody will keep using it. That's the biggest insurance one can have that the site will be run in the way that we all want to. And - you can now not only share files but shares with people. Everybody can indeed be the owner of The Pirate Bay now. That's awesome and will take the heat off us.

The old crew is still around in different ways. We will also not stop being active in the politics of the internets - quite the opposite. Now we're fueling up for going into the next gear. TPB will have economical muscles to let people evolve it.

It will team up with great technicians to evolve the protocols. And we, the people interested in more than just technology, will have the time to focus on that. It's win-win-win."

Man what a messed up way to start the morning.. we should just all say goodbye to our torrents, first mininova now TPB. things are just gonna get worse soon were gonna have 2 watch tv just 2 watch a show & i hate commercials and i dont know what were gonna do for early releases of dvd's and of course R5rips.

TPB is pulling a quick one. The site will not go away or get screwed up by this, it's all part of the plan to make TPB more controllable by the public (Global Gaming is a publicly shared company) and to help it's growth. The Original TPB crew are still involved, and none of their other projects like videobay or bayimg will change at all. It's all a prank on the big media companies, really.